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BUSINESS NEWS

Latest business news updates about the stock markets, economy, personal finance, property and Kiwisaver.

00:39 Sat Apr 19 2014
South African platinum producers hope to end a crippling 12-week strike with a new pay offer for miners.
21:04 Fri Apr 18 2014
The withdrawal of some sanctions against Iran has helped it increase its oil exports to 1.2 million barrels per day.
17:28 Fri Apr 18 2014
Italy has taken to eBay to sell luxury cars owned by the state that were "no longer deemed essential" in a bid to raise money.
Mattel reports loss as Barbie sales fall
16:00 Fri Apr 18 2014
At 55 years old, Barbie is sagging as sales in the iconic doll tumbled for the second straight quarter.
15:05 Fri Apr 18 2014
The US orange crop has been hit by a deadly bacteria, sending juice prices soaring in New York markets.
14:14 Fri Apr 18 2014
The share price of Chinese micro-blogging site Sina Weibo has jumped in its US market debut, closing at $US20.24.
12:01 Fri Apr 18 2014
Social games pioneer Zynga is looking to tap into the portable market, releasing a new version of its hit game FarmVille for smartphones and tablets.
Sony's PlayStation 4 sales top 7 million
09:00 Fri Apr 18 2014
Sony says it can't keep up with demand for its PlayStation 4, with sales topping seven million units since its launch last year.
01:24 Fri Apr 18 2014
US investment bank Goldman Sachs has reported first-quarter earnings of $US 2.03 billion, down 10 per cent form a year ago.
00:30 Fri Apr 18 2014
Moves in China to crack down on corruption are affecting sales of French brandy, with authorities bearing down on extravagant entertaining.
00:04 Fri Apr 18 2014
French energy company Total says its exploration off the coast of Ivory Coast has located a "very promising" oil discovery in deep water.
23:39 Thu Apr 17 2014
General Electric has reported a 15 per cent drop in net profits despite higher profits in its industrial sales division.
21:09 Thu Apr 17 2014
Nippon Steel & Sumitomo Metal has produced a system to make and ship railway track up to 150 metres long - the longest produced in the world.
20:59 Thu Apr 17 2014
China will appeal a ruling by the World Trade Organisation that it broke intenational rules by placing export restrictions on rare earths.
20:06 Thu Apr 17 2014
King Salmon can go ahead and develop three new farms in the Marlborough Sounds, following a Supreme Court ruling which stops a fourth.
19:15 Thu Apr 17 2014
German software giant SAP has confirmed its forecasts for the year after a solid first quarter.
Genesis Energy soars on debut
19:00 Thu Apr 17 2014
Genesis Energy's shares have spiked in the immediate aftermath of its listing on the NZX rising by 18 per cent.
18:09 Thu Apr 17 2014
Foreign direct investment in China in the first three months of the year rose 5.5 per cent, the government says.
17:58 Thu Apr 17 2014
Genesis Energy's debut at a premium to its listing price has helped buoy other energy companies on the NZX.
17:16 Thu Apr 17 2014
The kiwi dollar has been under pressure amid falling global dairy prices and general risk aversion among investors.
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